In a recent announcement, Moonbeam Network revealed its ‘Moonrise’ initiative, which is supported by a comprehensive 2024 Product Roadmap. This roadmap includes various upgrades and improvements aimed at enhancing the platform’s performance, increasing throughput, improving ecosystem integration, and enhancing the overall developer and user experience. The ambitious plans outlined in the roadmap signal a new phase of growth and development for Moonbeam and its canary network, Moonriver.
One of the key highlights of the 2024 Roadmap is the introduction of parallel processing to improve throughput by 8 times. This upgrade will involve implementing asynchronous backing, a form of parallel processing that will quadruple block space and halve block times to just 6 seconds. As a result, there will be a significant increase in overall throughput for Moonbeam. Additionally, the platform will ensure compatibility with Ethereum’s gas-saving Dencun upgrade, enhancing the overall user experience and efficiency.
To facilitate reliable cross-chain transactions, Moonbeam will integrate Glacis and Tanssi for seamless appchain deployments. The platform will also revitalize Moonriver by incorporating Axelar’s Amplifier program for bridging and introducing a v3 AMM liquidity program. In terms of developer tools, Moonbeam will provide governance tracks for dApps, support for EIP-4337 Account Abstraction, and expanded tooling integration for easier development, deployment, and debugging.
Moonbeam’s focus on enhancing the user experience is evident in the introduction of the Zero Knowledge Initiative (zkAuth) for Web2 authentication. This initiative aims to streamline the authentication process for users, making it more secure and user-friendly. Additionally, the platform will introduce tokenomics incentive updates and streamline stablecoin flows to further enhance the overall user experience on Moonbeam.
Moonbeam Network’s ‘Moonrise’ initiative and 2024 Product Roadmap lay the foundation for a successful and sustainable future for the platform. By prioritizing performance enhancements, ecosystem integration, developer tools, and user experience improvements, Moonbeam is poised to solidify its position as a leading smart contract platform for building connected applications. As these initiatives begin to roll out and continue throughout 2024 and beyond, the Moonbeam community can look forward to a more robust and efficient platform that meets the needs of developers and users alike.